Wearable Devices Reports FY25 Results, Raises $24.4mln, Ends with $18.4mln Cash Position

Wearable Devices Ltd. reported revenue growth for FY25, driven by a 28.5% increase in sales of Mudra Link and Mudra Band products. The company raised $24.4 million in gross proceeds from equity offerings and had a cash balance of $18.4 million at year-end. Wearable Devices is scaling its B2C activities and investing in innovation to expand its development platform, which is expected to drive significant B2B transactions. The company introduced the Mudra Experience Studio, a universal language for XR and AI developers, and is working on a synergistic ecosystem to bridge human intent with digital reality.